ACCA Financial Reporting Study Notes

According to the table of contents, which chapter discusses tangible non-current assets?

IAS 37 and IAS 10 are discussed in Chapter 16.

Which chapter covers the topic of revenue?

For which exam period is this study text primarily valid?

Chapter 16 discusses the statement of ______.

What should you do if you spot an error in Kaplan's products?

Kaplan study materials are only available in print format.

Match the chapter number with the subject matter:

Where can a reader find objective case questions related to the content?

Supplementary reading sections are optional and can be skipped during self-study.

What is the ISBN of the study text?

Chapter 3 addresses the interpretation of financial statements.

What is the primary purpose of the 'Test your understanding' sections in the study materials?

Kaplan's classroom experience helps many students pass ______ time.

Match the features to the benefits of the Kaplan Study Text:

Which chapter provides an introduction to published accounts?

The icon that identifies topics that are key to success and are often examined is called ______.

Match the on-line resource with its description:

Which of the following best describes Kaplan's approach to creating study materials?

Chapter 12 discusses the topic of ______.

Which of the following is NOT a resource provided to online subscribers?

Which chapter details the principles of consolidated financial statements?

The Kaplan Study Text does not reflect how topics are taught in the classroom.

What is the name of Kaplan's online learning enviroment?

The 'Footsteps' icon represents definitions of key terms.

Which of the following is NOT a component of equity presented in the equity section of the statement of financial position?

What is the purpose of the 'Illustration' icon in the Kaplan study materials?

The statement of changes in equity (SOCIE) summarizes changes in equity arising only from transactions with non-owners.

What are two examples of transactions with owners that affect equity and are shown on the statement of changes in equity?

Other non-owner changes in equity, such as comprehensive income, are disclosed in ______ only on the statement of changes in equity.

What is included in total comprehensive income?

Match the items with the statement they appear in:

A prior year adjustment decreases retained earnings.

Which of the following transactions would not be reported on the statement of changes in equity?

Which of the following are key elements of the approach to learners, as described?

The examples used will only represent one race and gender at various levels of seniority.

What is the purpose of using diverse names, backgrounds, ethnicity, and gender in example characters?

Feedback from learners on the linguistic approach will be actively ______ and the policy kept under continuous review.

Match the following elements with their descriptions:

What type of measures will be used to check if the Linguistic Equality, Diversity and Inclusion Policy is being successfully implemented?

The Kaplan material should be taken as advice on a particular matter.

The ISBN number for the published material is:

Which of the following is an example of an exceptional item that may require disclosure in financial statements?

The term 'statement of financial position' is a newer term that some companies may use instead of the older term 'balance sheet'.

According to the recommended format, what are three categories of non-current assets?

Exceptional items are included in the standard statement of profit or loss ______.

Match the asset or liability with its classification according to IAS 1:

Which of the following is NOT listed as a typical current asset?

IAS 1 requires an asset or liability to be classified as current if it will be settled within 6 months of the reporting date.

Give an example of a liability that would be classified as a non-current liability?

According to IAS 1, an asset is classified as current if it is part of the entity's normal ______ ______

Which of the following is classified as a current liability?